Salary AI Book a Demo
upper level job

Insurance Rating Specialist Salary in the United States

How much does an Insurance Rating Specialist make in the United States?

As of October 01, 2026, the average salary for an Insurance Rating Specialist in the United States is $42,070 per year, which breaks down to an hourly rate of $20.

However, an Insurance Rating Specialist's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $61,115
  • Majority Range (25th-75th percentile): $39,563 to $52,039
  • Entry-Level (10th percentile): $37,281
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Insurance Rating Specialist Salaries

An Insurance Rating Specialist's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Insurance Rating Specialist Salaries?

Experience is a primary driver of an Insurance Rating Specialist's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $41,247
  • Early Career (1-2 years): $41,322
  • Mid-Level (2-4 years): $42,814
  • Senior-Level (5-8 years): $46,980
  • Expert (over 8 years): $47,278
Levels Salary
Entry Level Insurance Rating Specialist$41,247
Intermediate Level Insurance Rating Specialist$41,322
Senior Level Insurance Rating Specialist$42,814
Specialist Level Insurance Rating Specialist$46,980
Expert Level Insurance Rating Specialist$47,278
View as Graph

How Do Insurance Rating Specialist Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Rating Specialists. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $46,580.
  • California: $46,403.
  • Massachusetts: $45,785.

Top Paying Cities for Insurance Rating Specialists

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $53,063
  • San Francisco: $52,482
  • Oakland: $51,376

What Skills Can Increase an Insurance Rating Specialist's Salary?

Demanded Skills for the Role:

  • Risk Management (Mentioned in 6.67% Job Postings): Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  • Insurance Policies (Mentioned in 4% Job Postings): insurance policies are a legal contract between the insurance company (the insurer) and the person(s), business, or entity being insured (the insured).
  • Work Ethic (Mentioned in 2.67% Job Postings): A belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. A set of values centered on importance of work and manifested by determination or desire to work hard.
Skills Demand Percentage
Risk Management 6.67%
Insurance Policies 4%
Work Ethic 2.67%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Insurance Rating Specialist's salary.

  • Insurance Policies: Can increase your salary by up to 71%.
  • Billing: Can increase your salary by up to 42%.
  • Commitment: Can increase your salary by up to 27%.
Skill Salary Salary % Increase
Insurance Policies $71,940
71%
Billing $59,739
42%
Commitment $53,429
27%
Get Latest Data

Insurance Rating Specialist Salary by Company Size: Startups vs. Enterprise

Insurance Rating Specialist salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $45,399. While startup companies pay approximate $38,511.

Insurance Rating Specialist Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $38,511
Growth Stage 51~500 $40,710
Established 501~5000 $43,849
Enterprise 5000+ $45,399

Insurance Rating Specialist Salary by Industry: Top Paying Sectors

For Insurance Rating Specialist roles, the industry you choose can impact your earning potential by as much as 35% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 15% above the average. Conversely, Insurance Rating Specialist positions in Business Services typically offer lower base pay, as this sector often view Insurance Rating Specialist as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Rating Specialist

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance$48,380$23.015%
Financial Services$44,174$21.05%

How Education impacts an Insurance Rating Specialist's Salary?

Your level of education can impact your salary potential. While many Insurance Rating Specialist enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Insurance Rating Specialist with a Bachelor's Degree is between $47,445 and $52,724.

Insurance Rating Specialist Salaries by Degree Level

Typical Education for Insurance Rating Specialist
Degree Level % of user with this level of education
No Diploma 16.7%
High School 16.7%
Associates 0.0%
Bachelors 83.3%
Masters 0.0%
Doctorate 0.0%
View as Graph

Insurance Rating Specialist Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Rating Specialist's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on October 01, 2026
$39,563
Average $42,070/year
$52,039
$3,297
Average $3,506/month
$4,337
$761
Average $809/week
$1,001
$19
Average $20/hour
$25
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $52,039 $4,337 $1,001 $25
Average $42,070 $3,506 $809 $20
25th Percentile $39,563 $3,297 $761 $19

Insurance Rating Specialist Salary Growth & Career Path

Insurance Rating Specialist

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Insurance Rating Specialist, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Insurance Rating Senior Specialist $61,294 46%
Policy Change Supervisor $82,220 95%
Policy Processing Specialist III $61,294 46%
New Policy Manager $119,317 184%

Most common benefits for Insurance Rating Specialist

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Insurance Rating Specialist

Here are companies hiring for Insurance Rating Specialist and their salaries, click below for more details.

Find Your Next Insurance Rating Specialist Job

Ready to take the next step in your career? Browse thousands of current Insurance Rating Specialist job openings on our job board. Use the search bar below to find your perfect match.

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

FAQ about Insurance Rating Specialist

1. Where can an Insurance Rating Specialist earn the most?

An Insurance Rating Specialist's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Rating Specialist earns the most in San Jose, CA, where the annual salary of an Insurance Rating Specialist is $53,063.

2. What is the highest pay for Insurance Rating Specialist?

The highest pay for Insurance Rating Specialist is $61,115.

3. What is the lowest pay for Insurance Rating Specialist?

The lowest pay for Insurance Rating Specialist is $37,281.

4. What are the responsibilities of Insurance Rating Specialist?

Responsible for evaluating risk and setting insurance rate premiums. Calculates premiums based on rate books, formulas, and may use modeling software for more complex calculations. Revises rates as necessary and maintains accurate records of policies, ratings, and classifications. Ensures calculated rates and premium adjustments adhere to insurance laws and regulations. Requires a high school diploma or equivalent. Typically reports to a supervisor. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience.

5. What industry pays the highest salary for Insurance Rating Specialist?

The Insurance industry offers the highest average compensation for Insurance Rating Specialist roles, with salaries approximately 15% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst